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Draft
Grace Chattels Limited
Registered Number:13267362
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2023
Grace Chattels Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
13267362
As at 31 March 2023
Grace Chattels Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
190,273
190,273
2
190,273
190,273
Current assets
2,652
Cash and cash equivalents
2,430
2,430
2,652
Trade and other payables: amounts falling due within one
year
(300)
(300)
3
2,352
2,130
Net current assets
Total assets less current liabilities
192,403
192,625
Trade and other payables: amounts falling due after more
than one year
(187,390)
(186,941)
4
5,462
Net assets
5,235
Capital and reserves
Called up share capital
5,000
5,000
Retained earnings
462
235
5,462
5,235
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Abiodun Ishola Director
These financial statements were approved and authorised for issue by the Board on 18 May 2023 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 March 2023
Grace Chattels Limited
Notes to the Financial Statements
Statutory Information
Grace Chattels Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 13267362.
Registered address:
13 Saxon Close
Kent
England
DA11 8HA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 01 April 2022
190,273
At 31 March 2023
190,273
At 31 March 2023
Net book value
190,273
At 31 March 2022
190,273
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
300
300
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
133,441
134,390
Other creditors
53,500
53,000
186,941
187,390
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5
Draft
For the year ended 31 March 2023
Grace Chattels Limited
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees was 0 (2022 : 2)
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